2025 Code of Georgia
Title 48 - Revenue and Taxation (Chs. 1 — 18)
Chapter 7 - Income Taxes (Arts. 1 — 7)
Article 2 - Imposition, Rate, Computation, Exemptions, and Credits (§§ 48-7-20 — 48-7-42)

Annotations

Notes

Ga. L. 1987, p. 191, § 10, not codified by the General Assembly, provides that this Act is applicable to taxable years ending on or after March 11, 1987, and that a taxpayer with a taxable year ending on or after January 1, 1987, and before March 11, 1987, may elect to have the provisions of that Act apply.

Ga. L. 1987, p. 191, § 10, not codified by the General Assembly, also provides that tax, penalty, and interest liabilities and refund eligibility for prior taxable years shall not be affected by that Act.

Ga. L. 1987, p. 191, § 10, not codified by the General Assembly, also provides that provisions of the federal Tax Reform Act of 1986 and of the Internal Revenue Code of 1986 which as of January 1, 1987, were not yet effective become effective for purposes of Georgia taxation on the same dates as they become effective for federal purposes.

Research References & Practice Aids

Tax deduction for fluoride-removing devices, § 12-5-175.

Tax deductible contributions made to Georgia Student Finance Authority, § 20-3-322.

Payments for relocation assistance shall not be considered income, § 22-4-13.

For note on the 1994 amendments of Code Sections 48-7-40 to 48-7-40.1 and enactment of Code Sections 48-7-40.2 to 48-7-40.6 of this article, see 11 Ga. St. U. L. Rev. 249 (1994).

Bond or warrant of governmental subdivision as subject of taxation or exemption, 26 A. L. R. 547; 44 A. L. R. 510.

Licensing tax on forwarding or local agency rendering services incidental to interstate shipments, 34 A. L. R. 912.

Nature of interest of special partner for purpose of income tax, 45 A. L. R. 1381.

Gains from unlawful business or transactions as subject of income tax, 51 A. L. R. 1026; 166 A. L. R. 891.

Year in which loss or bad debt must be charged in order to be allowed as a deduction from taxpayer’s income, 55 A. L. R. 1280; 67 A. L. R. 1015; 121 A. L. R. 697; 135 A. L. R. 1430.

What is a personal service corporation within Internal Revenue Act, 59 A. L. R. 1279.

Gift or trust for benefit of employees of corporation or business as within exemption or deduction provisions of succession tax or income tax law, 71 A. L. R. 870.

Excise tax on corporations as factor in determining question as to discrimination against individuals in favor of corporations in respect of property or income tax upon former, 73 A. L. R. 737.

Applicability, construction, and effect of provision of Income Tax Act excluding from income subject to tax the value of property acquired by gift, devise, bequest, or descent, 73 A. L. R. 1536; 119 A. L. R. 415.

Right of taxpayer to relief from his own errors in assessing his income tax or making out his income tax return, 80 A. L. R. 377.

Liability for income tax in respect of amount of tax paid by another, 91 A. L. R. 1270.

Interest on bonds or other obligations issued by municipalities or other political units of state as subject of state income tax in absence of express exemption, 98 A. L. R. 1346.

What constitutes doing business, business done, or the like, outside the state for purposes of allocation of income under tax laws, 167 A. L. R. 943.

Right of employer to deduct, for income tax purposes, premiums paid on insurance or annuity contracts for benefit of employees, 9 A. L. R.2d 280.

Income tax: market value as ascribable to agreement to pay a life annuity to another for purpose of determining capital gain or loss, 12 A. L. R.2d 589.

O. C. G. A. Title 48

O. C. G. A. Title 48, Ch. 7